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Essex
2 Wells Avenue
$390,000
● House - Off Market

2 Wells Avenue

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,796 Ft²
$703,233
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Absolutely pristine home in a quiet neighborhood located close to downtown Georgetown.  Gleaming hardwood floors throughout the main level, custom built bookcases flank the warm and cozy fireplace, 3-4 bedrooms, master includes private bath and there are 2 additional newly renovated full baths.  Lower level features a large family room, laundry room, plenty of storage, and a large bedroom/office space with walk-in closet.  All of this is situated on nearly 1 acre, level lot.  Enjoy building snow forts now and soon you will be having bbq's and entertaining in your new home.  Close to highway and beaches.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$217
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71790420)

Price History

Date / Event Date Event Price
Apr 15, 2015 Sold
Premium
Sold
Feb 5, 2015 Listed by Keller Williams Realty $389,000
Listed by Keller Williams Realty
Mar 31, 2008 Sold
Premium
Sold
Jul 31, 2007 Listed by Keller Williams Realty $389,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,871
  • Total Building Area: 1,536
  • Gross Building Area: 2,688
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGETOWN
  • Land Acres: 0000000938
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00018 B:00000 L:0024B
  • Lot: 24B
  • Municipality: GEORGETOWN
  • Latitude: 42.7459
  • Longitude: -70.9561

    Address

  • Full Address: 2 Wells Ave
  • Address - House Number: 2
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1137
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $751,500

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 702,210
  • High Value: 823,381
  • Low Value: 581,039

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $598,800
  • Assessed Land Value: $212,200
  • Assessed Improvements Value: $386,600

    Sales

  • Current Sale Recording Date: Apr 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41500271
  • Previous Sale Recording Date: Mar 31, 2008
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71790420

Frequently Asked Questions

When was property at 2 Wells Avenue built and last sold?
The property at 2 Wells Avenue was built in 1983 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 2 Wells Avenue is $408,141.
What are some comparable homes to 2 Wells Avenue?
There are currently no comparable homes to 2 Wells Avenue.
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